Hedburg was originally from Sweden but settled in Hobart in 1844 and became involved in the whaling industry. After the decline of the whaling industry in the mid-1850s, he opened a business as a produce merchant and commission agent in Argyle Street, Hobart, it is from this business his tokens were issued.

Hedberg's main issue was quite standard, being a penny and a halfpenny. However it is confused by the existence of a large number of patterns, mules and late strikes. The regular series of issued tokens had no pictorial element. A second group of penny token patterns offered a variety of forms of the seated Australia while the third group, provide a variety of mules in both penny and halfpenny denominations and should be considered late strikes.

Description:

A round copper token (34 mm diameter) giving the name, address and business of the issuer: O.H. Hedberg, Swedish House, Argyle St. Hobart Ton (sic), Oil & Colour Store together with the denomination one penny. The token has no pictorial element and is worn on the reverse.